Posts Categorized: Blog

What is the Difference in Manufactured Housing and Modular Housing?

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Valuation Management Group often is asked, “What is the difference between manufactured housing and modular housing or in our review of the appraisal?” Our purpose of this blog is to bring clarity to the identification of manufactured or modular housing. Present day (post 1976) manufactured housing, and oftentimes erroneously referred to as mobile homes, is… Read more »

What to Look For in an Appraisal Management Company

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When clients are looking for an appraisal management company (AMC) there are several critical factors to consider. An appraisal management company is a bridge between clients and appraisers and the quality of work provided is of most importance. Here at Valuation Management Group, an AMC that manages appraisal orders and technical reviews for 42 of… Read more »

Why is There a Lack of First-time Home Buyers?

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Where the housing market stands is a prime topic of discussion these days; where does the market stand and has it improved are questions asked almost every single day. One common topic lately tends to be on first-time home buyers and why there are less of these buyers recently. Is there just a lack of… Read more »

What Do Appraisers Really Do?

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  For many years, the appraisal process has been seen by many as mysterious. Valuation Management Group would like to take this opportunity to give an overview of the process of the appraisal. When an appraiser “inspects” a home or property, the inspection is really the “tip of the iceberg” of the work to be… Read more »

The Appraisal Process; How Can I Avoid Unexpected Delays?

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Lenders are under a lot of pressure to meet deadlines more than ever due to mandatory requirements to make disclosures to consumers and pending expiration dates for a lock on a specific interest rate around which an entire deal is structured.  Meeting deadlines is critical in today’s environment.  What can you do, as a lender,… Read more »

How Evernote Can Assist Your Appraisal Business

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An elephant never forgets. Evernote’s elephant image represents the brand well as a remember-all application that has infinite uses and exponential benefits. Store anything you may need to remember in Evernote. The versatile application works across all platforms: Mac and PC desktops; Android, Blackberry, iPhone, Windows Phone, and Palm Pre mobile devices; and over the… Read more »

Bringing Clarity to the Appraisal Process

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There continues to be quite a bit of discussion about the topics of appraisal review, appraiser independence and client/underwriting requirements. In all areas of work, there must be goals and standards met to be able to determine completion of a task. When writing a sentence, the goal is to communicate an idea so the reader… Read more »

5 Ways Pre-Purchase Counseling Helps You Prepare For Homeownership

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Home-buying statistics are looking up. A recent survey suggests that the dream of owning a home is still thriving, with 25 percent of people who currently do not own a home declaring that they plan to purchase a home in the next 10 years. 62% of Americans say they own their primary residence, with 56%… Read more »

Appraiser Resources: Due Diligence In Local Real Estate Markets

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With the stabilization or increase of real estate values in most cities, the outlook is positive for real estate and new construction. Activity in many markets is high, with a shortage of homes for sale and multiple property offers within short periods of time. Appraisers should carefully analyze the current local market conditions in their… Read more »

The Future Of The Appraiser Profession

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Recent studies have shown that majority of appraisers are between the ages of 51 and 65. This leaves a large void for potential aspiring appraisers to fill by joining the appraiser profession. The Appraisal Institute’s analysis of the Appraisal Subcommittee National Registry data shows that at the current decrease in appraisers per year at 3… Read more »